The latest research report on Medical Tourism Market delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrate its growth trends and competitive landscape as well as the key players in the business.
Medical Tourism Market Size
Global Medical Tourism Market is valued at USD 82.27 Billion in 2017 and expected to reach USD 274.37 Billion by 2027 with a CAGR of 12.8% over the forecast period.
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Scope of the Medical Tourism Market Report:
Medical tourism refers to people traveling abroad to get medical treatment. This usually mentioned those who travel from less-developed countries to major medical centers in highly developed countries for treatment. For the individual curious about health services, cost is that the key factor involved within the decision to receive medical aid overseas. People are ready to pay travel, medical treatment and accommodation expenses in emerging medical tourism destinations for a lesser price than cost needed in home countries and receive quality medical aid at many health tourism destinations. Most patients choose medical tourism for elective procedures also as complex specialized surgeries like joint replacement, cardiac surgery, dental surgery, and cosmetic surgeries. Medical tourism has several benefits for the patients seeking medical help with limited budget. Within the most recent stage within the development of technological and medical facilities, diagnostics, and procedures makes medical tourism all the more useful.
Global medical tourism market report is segmented on the basis of medical treatment, and regional & country level. Based upon medical treatment medical tourism market is classified into cosmetology, dentistry, cardiology, orthopedic surgery, neurology, and oncology.
The regions covered in this Global Medical Tourism market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, medical tourism market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Medical Tourism Companies
Some major key players for Global Medical Tourism Market are
- Aditya Birla Health Services Ltd
- Apollo Hospitals Enterprise Limited
- Asian Heart Institute & Research Centre Pvt Ltd
- Barbados Fertility Centre
- BB Healthcare Solutions Ltd
- Fortis Healthcare Ltd
- KPJ Healthcare Berhad
- Prince Court Medical Centre Sdn Bhd
- Seoul National University Hospital and others.
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Medical Tourism News
Doctors Care Anywhere to grow beyond UK
December 31st, 2020; Healthcare Markets reported that Doctor Care Anywhere provided by UK Virtual GP has raised £55.7M. It helped to fund the UK and to expand internationally. Also majority of the funds will be used in new services like mental health service which is due to be launched in 2021 in UK. Over the past few months digital health provider has increased its efforts in international expansion.
Rising Availability of high medical quality of cardiovascular surgery, cosmetic and dental surgery is one of the key factors which drive the growth of Medical Tourism market.
Availability of minimally invasive surgical procedures, dental surgery is expected to drive the market growth in the forecast period. Majority of the people arelooking for cosmetic surgeries travel abroad so as to avail high-quality cosmetic treatment but at 50% lesser cost, thereby driving industry growth across the forecast period.An estimated 17.9 million people died from cardiovascular disease in 2016, representing 31% of all global deaths. Of these deaths, 85% are due to heart attack and stroke. Oral diseases pose a major health burden for many countries and affect people throughout their lifetime, causing pain, discomfort, defect and even death. Oral disease affects 3.9 billion people worldwide. This increasing cardiovascular and oral disease leads to availability of high medical quality of cardiovascular surgery and dental surgery. Infection outbreaks during or after travel and Post-operative care quality can decrease is the factor which hampers the growth of medical tourism market. Increasing number of private hospitals, improvements in overall healthcare infrastructure and cheaper treatment costs are responsible for the growth of medical tourism market.
Asia pacific is dominating the Medical Tourism Market
Asia pacific is expected to dominate the growth of medical tourism market, owing to factors such as growth in prevalence of chronic diseases and surge in geriatric population. Nearly 300 million people suffering from chronic diseases in China. In Asia pacific chronic non-communicable disease prevalence will increase by at least 40% by 2030. Almost 80% of all deaths in people aged 60 years or over are attributable to chronic non-communicable disease. Additionally the North America is second most leading region for the growth of this market, due to increasing prevalence of chronic diseases. Cardiovascular disease remains the leading cause of death in the United States, responsible for 840,768 deaths in 2016. Chronic diseases affect approximately 133 million Americans, representing more than 40% of the total population of this country. By 2020, that number is projected to grow to an estimated 157 million, with 81 million having multiple conditions.
Key Benefits for Global Medical Tourism Market Reports –
Global market report covers in depth historical and forecast analysis.
Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global market report helps to identify opportunities in market place.
Global market report covers extensive analysis of emerging trends and competitive landscape.
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Global Medical Tourism Market Segmentation –
By Medical Treatment: – Cosmetology, Dentistry, Cardiology, Orthopedic Surgery, Neurology, Oncology
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Medical Tourism Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Medical Tourism Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Medical Tourism Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Medical Tourism Market Overview: Quantitative Analysis
4. Chapter – Global Medical Tourism Market Analysis: Segmentation By Type
5. Chapter – Global Medical Tourism Market Analysis: Segmentation By Application
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